Lbp Am Sa Acquires 16,994 Shares of S&P Global Inc. $SPGI

Lbp Am Sa raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 32.8% in the 3rd quarter, Holdings Channel reports. The firm owned 68,858 shares of the business services provider’s stock after acquiring an additional 16,994 shares during the period. Lbp Am Sa’s holdings in S&P Global were worth $33,514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MTM Investment Management LLC bought a new stake in shares of S&P Global in the 2nd quarter worth about $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global during the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC purchased a new position in S&P Global during the second quarter worth $34,000. Howard Hughes Medical Institute purchased a new position in shares of S&P Global during the 2nd quarter worth about $36,000. Finally, First Pacific Financial grew its holdings in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 1.2%

NYSE SPGI opened at $533.12 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $161.43 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. The company has a 50 day moving average price of $514.76 and a 200 day moving average price of $517.24. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Stifel Nicolaus reduced their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Evercore ISI boosted their price objective on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley upped their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $615.64.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.